Me any my wife currently have some of our money tied up in US savings bonds. With the situation being as it is, we are looking at possibly cashing those in and buying "junk silver" with it. Junk Silver being coins produced before 1965. With junk silver you don't have to pay the minting fees that you do with new bullion. Anyways here is my thinking, silver will always have some value and in the event the economy collapses we will still have something of value. We have put a good deal of ammo and food away, so we are just looking to put some of our money into something that we will still be able to use in any event collapse or recover. Anyways I would appreciate any insight. Also any ideas on keeping the silver safe and hidden would be helpful.
Investment help... Silver??
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Silver will be worth something but to me it takes so much of it to amount to anything. Go read story's about the great depression , people with Diamonds found out they were worthless ,silver was only worth anything to the person who wanted it ,other than that it didn't bring a lot.
Basically it was as it always has been ,GOLD.
I took all my silver to an exchange and got Gold ,sold all the old diamonds also.
Basically it was as it always has been ,GOLD.
I took all my silver to an exchange and got Gold ,sold all the old diamonds also.
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pay off bills/mortgage
I used some extra money to pay off the house mortgage. stan
I used some extra money to pay off the house mortgage. stan
I started buying Gold a long time ago , like 1982 ,i tried to buy one coin every month like it was a car payment. Back then it was the Krugerrand , $156.00 ea.
I try to avoid the American Eagles because they show them as currency ,not as market value . A little trick our Government likes to pull on us , as right now to them it is worth $50.00 as stamped.
Real investors never buy currency coins other than the worth of the coins mint date and age as a collector.
Gold is always by its weight , no matter what form unless its a rare coin.
But in silver, i would still buy it rather than anything on paper saying i had it some where, only to find out i don't .
The weird part is how they make Diamonds sound so valuable and sought after ,but in the real world they are not worth squat.
I try to avoid the American Eagles because they show them as currency ,not as market value . A little trick our Government likes to pull on us , as right now to them it is worth $50.00 as stamped.
Real investors never buy currency coins other than the worth of the coins mint date and age as a collector.
Gold is always by its weight , no matter what form unless its a rare coin.
But in silver, i would still buy it rather than anything on paper saying i had it some where, only to find out i don't .
The weird part is how they make Diamonds sound so valuable and sought after ,but in the real world they are not worth squat.
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That's not exactly true, I reciently sold a quantity of gold and had a mix of Krugerands, Double Eagles and Maple Leafs, the buyer had no issue with them but prices usually vary a dollar or two depending on the coin. Krugerands are the most often faked because they are NOT currency. Therefore there is no government agency that will go after counterfitters of Krugerands like they would counterfitters of DE's or ML's since they are issued currency.
Also remember that DE's are not pure gold they are 90%+ but there are some alloys added to increase wear resistance.
Something else you might want to consider, and this advice is worth exactly what you paid for it.... In my opinion now is probably the worst time to invest in precious metals, as of this writing Gold is about $965.00 per oz & Silver is about $18.50 and IIRC these are near record highs. So if you invest in them now what are you going to do when they go back down? The adage of buy low and sell high has never been so true as right now.
I mentioned that I had sold some gold recently, I bought it low and sold it high, I took that money and bought ammo and components etc etc.
I collected quite a bit of gold and silver over the years and I got it as a hedge against inflation since those metals have inherent value.
No matter what the dollar is worth gold and silver always has value, so I figured that if the economy collapses it's great to barter with, but to be honest as I got a bit older and a bit colder I realized that bartering wasn't going to be an issue. I can take what I need with enough ammo and what's better to barter with than ammo?
So it comes down to this what do you really want or need?
If you're not schooled in investing in precious metals (I'm not) now is not the time to learn on your own. If you're set on buying silver get some advice from someone you TRUST before you dive in, sometimes the water is way more shallow than it looks.
Good Luck!
The preceding has been an opinion, it's worth just what you paid for it and likely less than that. If you use the information contained hearin for investing your hard earned $$$ you're a bigger fool than me.
No way would i buy gold right now , I layed off when it went over $450.00 per ounce. And what is true is the $20.00 gold coin in 1932 was worth nearly $115.00 ,and the price was fluctuating but your dollar wasn't worth toilet paper.
When the Government made it illegal to own gold they only gave you $20.00 on a coin that in another country was worth what ever was the equivalent of $115.00 . What Gold exchange did you go to ? I sold mine for spot market price in Canada and they didn't give a crap what country was on it or if it was a fake , only if it was real and one ounce.
And your right if your not wise to the investing ,but people who are don't own just a few ounces ,they own tons.
This like oil is the only way you make money with gold , Company's who own tons use it as a hedge against economic down falls .
Or like us it may be the only way to eat one day , where 20 ounces could be a nice thing to have.
Silver would be good ,but it may get you a gallon of milk ,compared to a full cart with gold.
And remember the alloys in a DE are for wear as in other coins ,and these coins weigh more than an ounce in order to compensate ,but one ounce of gold is in the coin or no one would buy it
When the Government made it illegal to own gold they only gave you $20.00 on a coin that in another country was worth what ever was the equivalent of $115.00 . What Gold exchange did you go to ? I sold mine for spot market price in Canada and they didn't give a crap what country was on it or if it was a fake , only if it was real and one ounce.
And your right if your not wise to the investing ,but people who are don't own just a few ounces ,they own tons.
This like oil is the only way you make money with gold , Company's who own tons use it as a hedge against economic down falls .
Or like us it may be the only way to eat one day , where 20 ounces could be a nice thing to have.
Silver would be good ,but it may get you a gallon of milk ,compared to a full cart with gold.
And remember the alloys in a DE are for wear as in other coins ,and these coins weigh more than an ounce in order to compensate ,but one ounce of gold is in the coin or no one would buy it
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Silver? Are ya jokin?! LEAD my man, buy LEAD! 
Much more flexible useage in hard times. Go price a bag of birdshot and you'll see what I mean.
Much more flexible useage in hard times. Go price a bag of birdshot and you'll see what I mean.
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i would invest in riffles they will always be worth something, ammo too. what good will gold do when the **** realy hits the fan. but if your not paranoid gold is a good investment and so is silver the junk silver sounds like a good idea i might wait untill the price goes down
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I am part of www.survivalmonkey.com and you will learn alot ver their. basically silver and gold is wayyyyy to high and worthless pay off your loans etc and then buy tangible propery like ammo, guns, food etc things you will be able to barter,trade and sell... my two cents
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